The EBRD has subscribed to €28.3 million in bonds issued by Greece-headquartered oil firm Hellenic Petroleum to help it diversify into renewables, starting with a 190MW pipeline of wind and solar PV.
India’s Union Cabinet has approved plans to raise bonds worth INR23.6 billion (US$366 million) for a large range of renewable energy initiatives.
Czech solar company Solek Group announced this week that it plans to issue public bonds worth roughly US$19.9 million — which the company will use to finance part of a 70MW solar portfolio in Chile.
Ultor, a 50:50 joint venture between Enel Green Power and Fondo Italiano per le Infrastrutture (F2i), has signed an agreement to purchase the 60MW Italian solar portfolio of Etrion Corporation.
PV solutions provider SPI Energy announced that it has signed off on a non-binding deal with private equity firm GSR GO Scale Capital Advisors for the issue of US$500 million in convertible bonds.
State-owned firm the Indian Renewable Energy Development Agency (IREDA) is considering raising funds through the issue of non-convertible bonds, according to a filing on the Bombay Stock Exchange.
Rajnesh Trivedi, senior director, sustainable investment banking at Yes Bank India, discusses how Green Bonds can alleviate the major obstacles of financing for renewables in the subcontinent.
India’s fifth largest private sector bank YES Bank plans to list a Green Bond of up to US$500 million on The London Stock Exchange by December this year.
State-owned firm the Indian Renewable Energy Development Agency (IREDA) is to issue INR17.2 billion (US$257 million) in tax-free bonds from today for the financing of renewable energy projects in the financial year 2015/16.
A US treasury bond for investing in scale and innovation in clean energy has been proposed in Congress, with the scheme’s supporters claiming it could mobilise as much as US$150 billion in funding.